ARM based binary with GDB

Jambo,
Im trying to run an ARM based binary under the gdb (in x86 based CPU)
but without any success.

With GDB I use the following compile options:
./configure --host=i686-pc-linux-gnu --target=aem-little-elf

and the binary is compiled with arm-linux-gcc (a toolchain that I
found from web).

The GDB gives me an outpout:
(gdb) target sim
Connected to the simulator.
(gdb) load
...
(gdb) run
Starting program: test
ARMulator can't allocate VM page: Cannot allocate memory


It seems that the brk() starts to loop and finally crashes. Is there
some memory configuration that I have to change? Is it even possible
to run an ARM based binary this way?

Any help is highly appreciated
Pee